PROPERTY:

Godolphin Dr,  Springfield, VA 22153

DESCRIPTION:

  • Purchase price is $475,000.
  • Cash to close is $157,000
  • Borrower will rent property if house isn’t sold in 6 months

PROPOSED TERMS:

Loan Type: Purchase
Loan Amount: $350,000 1st Mortgage
Value of Subject Property: $575,000
Loan to Value: 61%
Term requested: 9 Month Balloon
Exit Strategy: Resell  or rent property
Credit Score  692